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Dec 7, 2012
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his approval ratings have soared since the storm. he was lobbying obama for more federal aid for victims. he stopped by "the daily show" to talk about why he shifted from criticizing the president's leadership before the storm to praising it right before the election. >> it tells me people have different skill sets at different times. that's what it tells me. >> so he wasn't a leader until you needed leadership? >> maybe until he was presented with a stark opportunity to lead. >> with thousands protesting inside and outside the capitol, the republican controlled state legislature in michigan voted right to work legislation. it prohibits unions from collecting fees. critics say the move only applies to the private sector will weaken bargaining power for unions,s supporting including reich sni rick snyder says it will make them more competitive. the home, if you will, the unofficial home, of the labor movement, is now a right-to-work state. that's going to make for an interesting 2014 state campaign there. >>> the final race of 20912 e
his approval ratings have soared since the storm. he was lobbying obama for more federal aid for victims. he stopped by "the daily show" to talk about why he shifted from criticizing the president's leadership before the storm to praising it right before the election. >> it tells me people have different skill sets at different times. that's what it tells me. >> so he wasn't a leader until you needed leadership? >> maybe until he was presented with a stark...
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Dec 6, 2012
12/12
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president obama's approval rating jumps to any highs, his best in three years. where does congress rank? you might not be surprised on that one. and forbes unveils its most powerful list. who comes out on top. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ male announcer ] taste it and describe the indescribable. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> good morning. i'm thomas roberts. top
president obama's approval rating jumps to any highs, his best in three years. where does congress rank? you might not be surprised on that one. and forbes unveils its most powerful list. who comes out on top. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food...
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Dec 6, 2012
12/12
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. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money comes from. if you have a revenue target, then fine. but we need $800 million in revenue. john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be
. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money...
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Nov 30, 2012
11/12
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what's obama doing with this first offer, do you think? >> i'm not exactly sure because i don't understand the economic rationale behind it. look at the world that we are in. it is a 2% u.s. growth rate. it is not the 3% we are historically used to. look what's going on in europe. look what's going on in asia, the slowdown there. look at the context at which we want to take money out of the private sector. taxes by definition is contractionary. >> for a while i wondered in first term figured look, the president sooner or later will realize he needs jobs to get re-elected so will come onboard with pro-growth stuff and jobs he was able to, you know, to be re-elected at 7.9%. now you want a legacy that shows that you had a good economy and that you got the jobless rate down. so you are going -- i'm -- maybe there's just a disconnect between whether people that work for him really understand what generates economic growth and jobs and what doesn't. and -- i mean, we will transform society in a way that maybe is more positive for him, obama car
what's obama doing with this first offer, do you think? >> i'm not exactly sure because i don't understand the economic rationale behind it. look at the world that we are in. it is a 2% u.s. growth rate. it is not the 3% we are historically used to. look what's going on in europe. look what's going on in asia, the slowdown there. look at the context at which we want to take money out of the private sector. taxes by definition is contractionary. >> for a while i wondered in first...
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Dec 2, 2012
12/12
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kennedy when they went in and lowered tax rates and you increase revenues which is what we are talking about. >> did you feel like it was a bait and switch from president obama and what you heard about in the campaigns. light on the details . i heard from members of congress that that is not what you thought was going to happen. >> you are absolute low right. what you see happening right now, dana is the art of politics and verse us the science of good policy. we need to move away from campaign mode and stimulate economic growth and wealth expansion and not wealth distribution. when the president is focused on the wealth distribution politic which thomas jefferson and hamilton lincoln talked against we are headed on down the wrong path. more people are pushed to food stamps and more people pushed to poverty and unemployment situation is going to get worse. we have seen that recently with the weekly job claims numbers coming out. >> and one of the things that are part of the debate and since the carter administration is the need to reform entitlements and make social security is set on
kennedy when they went in and lowered tax rates and you increase revenues which is what we are talking about. >> did you feel like it was a bait and switch from president obama and what you heard about in the campaigns. light on the details . i heard from members of congress that that is not what you thought was going to happen. >> you are absolute low right. what you see happening right now, dana is the art of politics and verse us the science of good policy. we need to move away...
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president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from speaker boehner's team are genre assuming talks. we con
president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested...
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Dec 4, 2012
12/12
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they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6 trillion clean. he wants it to come from higher tax rates. >> and i think it's fine say where you want to get the $1.6 trillion or $800 billion from. you ought to just call -- i want to get it from people who make more than $250,000 as opposed to trying to lock people into a formula. what you really need is money. >> you put it so simply, as if it's easy. i guess it is. i don't know why they're having such a difficult time with that. let me get your take on what senator jim demint said. he said house speaker john boehner's plan, which of course is raising $800 bi
they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6...
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Dec 1, 2012
12/12
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should the republicans let president obama own that? >> brian: unbelievably disappointed. you did not characterize, you must be on some level, bob, disappoint. the president is doing what he did for the four years. his way or the highway. this is the quote from the "washington post." offer lacked any concession for republicans at the core issue of where to set the tax rate. i thought this is going to be a debate between 35-3%. and as deal roll up sleeves. this offer is insulting. i am not going to deal with you. >> the top 2% since 1986. >> they can't say the republicans holding out on the top 2%. >> the republicans want spending cuts. republicans realize -- >> they offer, i think obama is offering $500 million -- [ overtalk ] >> dana: critical count -- >> eric: the democrats realize that they have to touch spending if they want the 2%. >> brian: i want the power to raise the debt ceiling without asking you. >> dana: triple count cuts that were made. to get credit. wants to get credit for cutting things that were already cut in the past. his budget could not get a single v
should the republicans let president obama own that? >> brian: unbelievably disappointed. you did not characterize, you must be on some level, bob, disappoint. the president is doing what he did for the four years. his way or the highway. this is the quote from the "washington post." offer lacked any concession for republicans at the core issue of where to set the tax rate. i thought this is going to be a debate between 35-3%. and as deal roll up sleeves. this offer is...
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Dec 7, 2012
12/12
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president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i
president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this...
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Nov 29, 2012
11/12
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on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend the tax rates on families making less than $250,000 a year. once that's done they can work on other details such as spending cuts and changes to the tax code, medicare and medicaid. >>
on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax...
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Dec 5, 2012
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voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on the edge of bankruptcy. megyn: this is a long time coming. this isn't necessarily caused by the wall street meltdown. >> in 1964, it was the most important manufacturing sector in the world. it has been downhill since then. a bailout actually wouldn't really help them. they may be kicking the can for six months, but it essentially doesn't help. megyn: the notion that someone else needs to fix the problem -- somebody other than us needs to fix the problem. the city council of detroit, which is what they have been elected to do. we took a look at a video that was put out by the illinois govern
voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on...
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Dec 7, 2012
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. >>> concerns about the fiscal cliff are not hurting president obama's approval rating. it's now at 57%. that is the highest rating since may 2011 when navy seals killed osama bin laden in a raid. 42% of americans say the country is on the right track and majority think it's likely president obama will improve the economy. >>> time now 5:35. the national football league is willing to help the raiders build a new stadium in oakland. nfl commissioner says it's crucial the raiders improve their stadium situation and the nfl would help pay for a new one. now the team and the city have held negotiations about a new stadium but there is nothing concrete yet. commission ever cadel also said they could -- but that deal would have to be worked out between the two teams. >>> a big change may be coming to the national football league in the near future. coming up at 5:45 why some people want kickoffs to be eliminated and what they would replace it with. >>> new this morning november unemployment report was just released. it is a little better than expected. it shows the u.s. econom
. >>> concerns about the fiscal cliff are not hurting president obama's approval rating. it's now at 57%. that is the highest rating since may 2011 when navy seals killed osama bin laden in a raid. 42% of americans say the country is on the right track and majority think it's likely president obama will improve the economy. >>> time now 5:35. the national football league is willing to help the raiders build a new stadium in oakland. nfl commissioner says it's crucial the...
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that is the lowest monthly unemployment rate since 2008 and lowest rate in president obama's presidency. nonfarm payrolls rose 146,000 in november. both above expectations. a little bit of a surprise because economists were expecting that hurricane sandy, the impact of hurricane sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but because the way the labor department counts full-time workers part time workers and whether people work at all, and when they work, it didn't show up in the headline numbers . one thing that did, 350,000 people left the workforce in november. that was one reason again why the unemployment rate dropped to 7.7%. ashley and tracy. ashley
that is the lowest monthly unemployment rate since 2008 and lowest rate in president obama's presidency. nonfarm payrolls rose 146,000 in november. both above expectations. a little bit of a surprise because economists were expecting that hurricane sandy, the impact of hurricane sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers....
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Dec 3, 2012
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it is a bailout we heard president obama talk about capping those interest rates that are going up. they have doubled in many circumstances. they could tax them. they could for give those interest rates all together or they have seen talked about for giving some of these students loans that exist out there today. because 93 percent of all student loans in the last year were issued by the government you are talking about taxpayers ofrnt hook for this. as it goes away we are all paying for it. this is a huge problem in this country nearly a trillion dollars in outstanding student debt right now. 956 billion on the table. >> so what is the solution? >> they certainly -- -- the president has talked about interest rates are a big problem right now. record survey shows more than 50 percent of 18 to 24-year-olds are moving into their parents when they grad kuwauate college. they have capped the interest rates for give them for a certain amount of time or forgive a certain amount of debt or back off at issuing the federal loans patti. let the loans go more private maybe then we won't have c
it is a bailout we heard president obama talk about capping those interest rates that are going up. they have doubled in many circumstances. they could tax them. they could for give those interest rates all together or they have seen talked about for giving some of these students loans that exist out there today. because 93 percent of all student loans in the last year were issued by the government you are talking about taxpayers ofrnt hook for this. as it goes away we are all paying for it....
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Dec 7, 2012
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. >> are you saying, then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am, but -- >> you're saying capitulate to obama, who -- we don't have a revenue problem, ann. >> we lost the election, sean. >>> meanwhile, the house of representatives passed legislation yesterday removing the word lunatic from all federal laws. it's the latest move by congress to remove language seen as demeaning or out of date, like lunatic. >>> and in australia, prime minister julia gillard talked about the supposed prediction by the mayan calendar that the end of the world is coming in two weeks. well, she did it for a comedy video for a radio show. >> i'm confident in the prediction that the world is about to end. whether the final blow comes from flesh-eating zombies, demonic hill beasts or from the total triumph of cable, if you know one thing about me, it is this, i will always fight for you to the very end. and at least this means i won't have to do q&a again. good luck to you all. >> the dead-pan delivery, always important in comedy. th
. >> are you saying, then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am, but -- >> you're saying capitulate to obama, who -- we don't have a revenue problem, ann. >> we lost the election, sean. >>> meanwhile, the house of representatives passed legislation yesterday removing the word lunatic from all federal laws. it's the latest move by congress to remove language seen as demeaning or out of date,...
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Nov 30, 2012
11/12
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now, the craziness of the situation is president obama campaigned on raising taxes, a tax rate for the highest earners, and he could win on that right now. it is clear the republicans will cave. the republican nightmare is there is a stand off they go over the fiscal cliff, after all the tax rates go up and the president, of course, proposals to lowerren's -- lower everyone's taxes but the highest and if the republicans resist he will say the republicans are talking you from getting a middle-class tax cuts because they want to recollect their millionaire friends. if republicans are going to agree to higher tax rates for the highest bracket, do it quickly, and, then, president obama would be the one who is refusing it because he is throwing in all sorts of extra things like total executive branch control of the debt limit. >>neil: who came up with the $50 billion in new surplus spending in the middle of this? come on! >>guest: the question, it is an interesting offer, kind of an office that the president gave yesterday which was call it disrespectful, a disrespectful offer and the quest
now, the craziness of the situation is president obama campaigned on raising taxes, a tax rate for the highest earners, and he could win on that right now. it is clear the republicans will cave. the republican nightmare is there is a stand off they go over the fiscal cliff, after all the tax rates go up and the president, of course, proposals to lowerren's -- lower everyone's taxes but the highest and if the republicans resist he will say the republicans are talking you from getting a...
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joining us now, washington bureau chief, jerry, looks like obama's going for a two-fer, raising rates on the rich and cap deductions on the rich get them going both ways. >> opening position phase here. the problem, i think, is neither side really is moving fast enough to prevent the partisans on both wings to dig in now. i think the danger is closer to the deadline, you can't get people to pull up the stakes, move in, and support a deal. there's a compromise to be done, and i think that resolves some of the issues in the middle. i think the problem is going to be if you get a compromise at the top, will the troops below to support the compromise still be there? >> while people think there's a full month, you worry we have until december 15th? >> good point. i'm not sure if it's december 15th, but if you want a bill done by the end of the year, it takes a couple weeks to get it done, christmas in the middle, obviously, i think the deadline in practical yesterday, he said there's no way they can compromise unless republicans raise rates on the wealthiest americans. do you think that's
joining us now, washington bureau chief, jerry, looks like obama's going for a two-fer, raising rates on the rich and cap deductions on the rich get them going both ways. >> opening position phase here. the problem, i think, is neither side really is moving fast enough to prevent the partisans on both wings to dig in now. i think the danger is closer to the deadline, you can't get people to pull up the stakes, move in, and support a deal. there's a compromise to be done, and i think that...
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Nov 29, 2012
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. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place. one if the public trying to get them behind you. the other is whether you're actually saying to the people you're negotiating with. and when you saw the signal, it was like, okay, maybe they'll get to that, i don't know, 37% or 500,000 or something. what we had been talking about two weeks ago. maybe that's where they're headed. stocks did gain ground on optimism around the idea that we could reach some sort of a deal to overt the fiscal cliff. the dow closing more than 100 points higher after being down by more than that during the session. a swing like that hasn't happened since october 2011. u.s. equity futures
. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place....
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Dec 4, 2012
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. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billio
. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to...
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you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to deploy surface-to-air missiles in neighboring areas is likely next week. >>> and a major milestone is expe
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move...
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Dec 3, 2012
12/12
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. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -
. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope...
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Nov 29, 2012
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that's what they're going to be worried about. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance. remember it's two parts -- soon and substance. >> thank you very much. >>> to the nasdaq right now, bertha coombs is there following the big movers. >> over the last couple of days the nasdaq has managed to move into positive territory for the month of november, back above 3,000. today one of the biggest movers is research in motion getting an upgrade at goldman sachs. one of the firms that sees them perhaps getting some traction with the blackberry 10 rollout in 2013. apple up today as well, up more than 1%. look what's happened this month. nasdaq composite has moved up without the help of apple. apple on track for the third straight monthly loss. what's really made the difference here? games. cisco, some of the big caps like cisco, gilead,
that's what they're going to be worried about. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance. remember it's two parts -- soon and substance. >> thank you very much. >>> to the nasdaq right now, bertha coombs is there...
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you are saying then for pr purposes, they should give into obama on the tax rate. >> not exactly. well, yeah, i guess i am -- >> you're saying obama, who is -- we don't have a revenue problem, ann. >> we lost the election, sean. gerri: what do you think of this? as a strategy, maybe it's the right thing? acknowledge that the american people voted for the president, put him back in office. it's all on you. >> well, it's simple, i think. republicans are cognizant of what the people said. the plan they put out raises revenue on rich people. they are asking for the president to give a response including both tax proposals and the spending proposals that are necessary to make the plan be balanced, and they'll negotiate from there, from the second day after the election, speaker boehner said we hear the american people, they want washington to work, that means compromise, leadership, but, you know, we're not seeing all the pieces yet. gerri: what do you think of the idea of saying, okay, democrats, it's on you. you want to raise taxes? you want to flirt with putting the economy into rec
you are saying then for pr purposes, they should give into obama on the tax rate. >> not exactly. well, yeah, i guess i am -- >> you're saying obama, who is -- we don't have a revenue problem, ann. >> we lost the election, sean. gerri: what do you think of this? as a strategy, maybe it's the right thing? acknowledge that the american people voted for the president, put him back in office. it's all on you. >> well, it's simple, i think. republicans are cognizant of what...
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if you look at obama's job approval rating, it follows the same harsh divide. he is now enjoying an approval rating that he has not enjoyed since early in his term. 54% approve. if you look at the left side of the screen, this is polarized. 87% of republicans saying they disapprove, 90% of democrats say they approve. independents in the middle. we still have a polarized view of what has been going on, but there is no improvement, and that has largely come from independents. we also asked the country -- we asked the question of the you approve or disapprove -- we then asked that of congress, also. do you approve or disapprove the way congress is handling its job put 72% disapprove. in this current discussion, you can see some benefit to the white house. who do you trust more to develop solutions to meet the country plus economic challenges? the president as an advantage there over congressional republicans on economic issues. -- we thend when went to how do you see the economy performing over the next year, and over the next four years. 44% say they expect it to
if you look at obama's job approval rating, it follows the same harsh divide. he is now enjoying an approval rating that he has not enjoyed since early in his term. 54% approve. if you look at the left side of the screen, this is polarized. 87% of republicans saying they disapprove, 90% of democrats say they approve. independents in the middle. we still have a polarized view of what has been going on, but there is no improvement, and that has largely come from independents. we also asked the...
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this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think expressed with great sincerity his interest in cooperation. i dare say that there has been a lot of biplay among both the senators and the house members on what that cooperation is going to look like. but i do think it's awfully important that we not come out of this process and
this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do...
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Dec 6, 2012
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to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting this is, we could probably solve this in about one week. it is not that tough. >> new details have been revealed in the retail giant kermit factory where 120 dacre workers died in a fire last month. "the new york times" is reporting that wal-mart played a key role in blocking the improvement of safety features at the bangladeshi factory. one representative helped quash a proposal that would help to improve safety investments, calling them not financially feasible. documents found at the fire scene also sho
to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to...
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increase rates on the wealthy only. new stimulus program 150 billion. and he wants a blank cheque that. is not a serious proposal bob. >> it is not. you talk to people in the real world, not in washington, but in the real world, they say the numbers and how this is done, i don't give a damn. i just want them to fix it. what the republicans should do is say these are the things we are going to fix. these are the numbers and this is our proposal. >> sean: wait a minute, i don't think you are being fair in one sense. the republicans said to the chagrin of a lot of conservatives that revenue is on the table. obama has said, my way or the highway. his proposal, his budget plan that nobody voted for last year. >> yes and he's asking for more revenue on the debt ceiling he's saying abolish congress' authority to borrow. i want the authority to be in the white house for -- >> sean: obama not leading again. >> it is a giant problem. i am surprised he is out there treating this like a campaign. he's giving speeches and going to campaign events in toy stores and s
increase rates on the wealthy only. new stimulus program 150 billion. and he wants a blank cheque that. is not a serious proposal bob. >> it is not. you talk to people in the real world, not in washington, but in the real world, they say the numbers and how this is done, i don't give a damn. i just want them to fix it. what the republicans should do is say these are the things we are going to fix. these are the numbers and this is our proposal. >> sean: wait a minute, i don't think...
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guest: because of the rate structure. the rate between $200,000 and $500,000 are at least as high, and if not higher. your capital gain an income tax are subject to a 22% effective tax rate. if you're making more than $1 million, they're subject to a 15% rate. you have this weird double break. it raises a lot of money, but in a fairly arbitrary fashion. host: philip. michigan. democratic caller. caller: thank you. this is not so much a tax question. i used to work for a food company in 1972 that was very large, employing 3000 or more, closing in 1985. people here have lost their jobs. why does the government not do something to cut their jobs? for instance, do we really need the cia, the federal marshals here and there? why do they not get the federal bureau to cover everything? host: that is philip's idea. on twitter, a follow-up with the small-business owner we heard from, saying they eliminated business averaging which is hopeful to small businesses with fluctuating income. guest: it guest: under income averaging, if y
guest: because of the rate structure. the rate between $200,000 and $500,000 are at least as high, and if not higher. your capital gain an income tax are subject to a 22% effective tax rate. if you're making more than $1 million, they're subject to a 15% rate. you have this weird double break. it raises a lot of money, but in a fairly arbitrary fashion. host: philip. michigan. democratic caller. caller: thank you. this is not so much a tax question. i used to work for a food company in 1972...
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Dec 4, 2012
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. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republicans want to close tax loopholes and eliminate deductions, which they say will raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the fiscal cliff. >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of congress. so now that each side has rejected the other's first offer, it's going to be interesting and important to watch the timing of the next offer on the part of the white house to really try to figure out, terrell, how far both sides are willing to take us toward that cliff. >> and which side has the edge at this point. susan mcginnis in washington this morning. thank you so much. >>> iran says this morning it's captured a united states drone flying over iranian air space. the drone was reportedly gathering informa
. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republicans want to close tax loopholes and eliminate deductions, which they say will raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the fiscal cliff. >> reporter: and they say it's now up to the president to find...
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stuart: president obama has got, 167 billion a month just about. don't rewrite economic history, julie. >> i'm not rewriting economic history. stuart: you are. >> i'm not-- >> i'm telling you if you lower tax rates you'll get more revenue. >> that's how do you it. >> i think history showed whether it's ronald reagan or-- >> ronald reagan, george w. bush and-- >> your a telling me that ronald reagan was not increasing deficits. stuart: ronald reagan increased-- >> here is what we're arguing about, you lower tax rates, you get more revenue. >> stuart. stuart: that's a lesson of economic history. >> stuart, i'm sorry. stuart: it is. >> the lesson of the reagan years and bush years, you-- >> it's factually true that when you lower rates, ronald reagan did it, dramatic lower of rates, the revenue to the treasury doubled in five years. that's true. >> are you telling me. stuart: you're saying, oh, he left a deficit. it was congressional spending that led it a deficit. let's get back to the original argument. if you now, right now, lowered tax rates you w
stuart: president obama has got, 167 billion a month just about. don't rewrite economic history, julie. >> i'm not rewriting economic history. stuart: you are. >> i'm not-- >> i'm telling you if you lower tax rates you'll get more revenue. >> that's how do you it. >> i think history showed whether it's ronald reagan or-- >> ronald reagan, george w. bush and-- >> your a telling me that ronald reagan was not increasing deficits. stuart: ronald reagan...
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a year. >> he will not sign a bill that extends those tax rates for the top 2%. we can't afford it. it is not a wise economic policy or wise fiscal policy. and it would defeat the principle of balance that he has embraced. >> so with less than a month to go before the deadline, we've now had an offer and a counteroffer, but arguably, no real attempt at compromise. democrats say republicans haven't detailed how they would increase tax revenue and they haven't offered enough of it and republicans say democrats haven't agreed to serious entitlement program cuts. steve, gretchen, brian? >> steve: thank you very much, live from the north lawn. ten minutes before the top of the hour. you probably remember the $6 million man. >> wed into to make the world's first bionic man better than he was before. better, stronger, faster. >> steve: our next guest says he can make this a reality, merging man with machine. it does not involve lee majors. >> gretchen: first let's check in with martha mccallum for what's coming up at the top of the hour. >> good morning. speaking of the
a year. >> he will not sign a bill that extends those tax rates for the top 2%. we can't afford it. it is not a wise economic policy or wise fiscal policy. and it would defeat the principle of balance that he has embraced. >> so with less than a month to go before the deadline, we've now had an offer and a counteroffer, but arguably, no real attempt at compromise. democrats say republicans haven't detailed how they would increase tax revenue and they haven't offered enough of it and...
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obamas approval rating stands at 57% rise as the raid that killed osama bin live in. 37 percent say obama have been average-- above average or outstanding of 36 percent say he's been below average. another 25 percent say is just average. >> more than 2000 people are expected at pearl harbor today to mark the 71st anniversary of the japanese attack that killed thousands of people and pull the u.s. and you--world war two. a moment of silence is planned for 755 local time today marking the moment the bombing began. the crew of a guided missile destroyer was banned on deck while the ship passes the uss arizona, a battleship that still lies in the harbor where it sank. hawaii national guard will fly overhead in missing man formation. the navy and national park service also hostess armani remembers of the 2390 service members and 49 civilians killed in the attack. the time is for 20 7:00 a.m. we will be back on the kron 4 news. a live look out sideshows' from this viewpoint no fog from here but janu is tracking fog in novato napa and in the north bay. santa rosa is thing fall. currently 40 degr
obamas approval rating stands at 57% rise as the raid that killed osama bin live in. 37 percent say obama have been average-- above average or outstanding of 36 percent say he's been below average. another 25 percent say is just average. >> more than 2000 people are expected at pearl harbor today to mark the 71st anniversary of the japanese attack that killed thousands of people and pull the u.s. and you--world war two. a moment of silence is planned for 755 local time today marking the...
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charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced budget. we got it, we won the election and this president is putting politics ahead of everything. megyn: if republicans give president obama the tax rates on the rich what do they have to negotiate with? why would they do it? >> i think president obama has the winning hand. >> he does. >> i'm not sure in the long term -- if there is a recession, either there won't be a recession or there will and the republicans will get the blame. that's and high wire act to do at this point. it's very risky from this kind of elect to take this. he could get 85% of what he wanted -- >> he's also gambling on one thing. t
charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced...
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Dec 1, 2012
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>> just look at the numbers that obama uses. if you repeal the top tax rates you're supposed to make 800 billion. if you repeal the whole bill you're supposed to lose 4.5 trillion. it all went to the middle class. i got to challenge your facts on that. that went to the middle class. but do you think right now that there is a chance, i mean responding to what peter said, do you think that obama is going to cold shoulder the gop? here's why i'm saying this. let me just go one more thing. i think he's bluffing. i think the last thing in the world obama wants is a stalemate that will lead to all the taxes going up. all of them. and will lead to a recession. >> disaster. >> then he would be herbert hoofer obama and his second term and legacy would be completely wrecked. that's why i think obama is bluffing and the gop needs to counter. >> there's a distinct philosophical differences obviously between the house majority, which peter was elected overwhelmingly in 2010 and resoundingly re-elected in 2012. across the country. they have a
>> just look at the numbers that obama uses. if you repeal the top tax rates you're supposed to make 800 billion. if you repeal the whole bill you're supposed to lose 4.5 trillion. it all went to the middle class. i got to challenge your facts on that. that went to the middle class. but do you think right now that there is a chance, i mean responding to what peter said, do you think that obama is going to cold shoulder the gop? here's why i'm saying this. let me just go one more thing. i...
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are elements of the broad discussion we've been having in this town for a couple of years about tax rates, about entitlement spending, about deficits that have topped $1 trillion throughout the obama presidency. i suspect all of them eventually are going to get settled but they aren't going to get settled at the same time, including the debt limit increase. >> john harwood, thank you. >>> let's see where we do stand on the fiscal cliff deal. let's look at our "rise above" meter. time to stop talking and start actle. we were at a half-way point, now back to a quarter on the "rise above" meter, closing to no deal than deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more than 50 pieces of jewelry worth about $100,000 were stolen from the congressman's home on november 29th. watches, earrings, rings, bracelets involved and what issa spokesperson calls irreplaceable family air looms. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it di
are elements of the broad discussion we've been having in this town for a couple of years about tax rates, about entitlement spending, about deficits that have topped $1 trillion throughout the obama presidency. i suspect all of them eventually are going to get settled but they aren't going to get settled at the same time, including the debt limit increase. >> john harwood, thank you. >>> let's see where we do stand on the fiscal cliff deal. let's look at our "rise...
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flexibility in the battle over raising tax rates. here he is yesterday. >> i am ready and able and willing and excited to go ahead and get this issue resolved in a bipartisan fashion so that american families, american businesses have some certainty going into next year. and we can do it in a balanced and fair way, but our first job is to make sure the taxes on middle class families don't go up. martha: okay. so president obama is also saying that he wants to raise taxes on families earning more than $250,000, but that move would only generate about $85 billion a year. that is a drop in the bucket compared to the amount of u.s. debt. and that number is about what the federal government spends in just eight days. so if he gets what he wants everybody over 250,000 pays more it's going to cover eight and a half days of the government spending amount and some would say the government spending problem. art laugher joins me now. architect of reagan tphopl i raeug reagannomics. in washington they have a lot of work to do. the question is wh
flexibility in the battle over raising tax rates. here he is yesterday. >> i am ready and able and willing and excited to go ahead and get this issue resolved in a bipartisan fashion so that american families, american businesses have some certainty going into next year. and we can do it in a balanced and fair way, but our first job is to make sure the taxes on middle class families don't go up. martha: okay. so president obama is also saying that he wants to raise taxes on families...
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talking about. >> were you-- did you feel like it was a bait and switch from president obama from what you'd heard about in the campaign and light on the details, but that's one of the things i've heard from members of congress that they thought, wait a second, that's not at all what you thought was going to happen. >> yeah, you're absolutely right. what you see happening right now, dana, is really the art of politics, versus the science of good policy and i think we need to move away from campaign mode and we need to do the things that are going to stimulate economic growth and wealth expansion, not wealth distribution, when the president continues to be focused on the wealth distribution politics, which is something that president thomas jefferson talked against and also, abraham lincoln, we're going to continue to see greater problems with our economy, more people push toward food stamps, more people pushed towards poverty and our unemployment situation is going to get worse and we have seen that recently with some of the numbers, the weekly job claims numbers coming out. >> one of
talking about. >> were you-- did you feel like it was a bait and switch from president obama from what you'd heard about in the campaign and light on the details, but that's one of the things i've heard from members of congress that they thought, wait a second, that's not at all what you thought was going to happen. >> yeah, you're absolutely right. what you see happening right now, dana, is really the art of politics, versus the science of good policy and i think we need to move...
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and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the president's leverage? >> i think they do. the big thing is the election. but the jobs numbers suggest that the economy is doing well and it cuts against the republican argument that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the
and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the...
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now, listen to president obama when he wasn't president obama and he was trying to become president obama on the debt ceil ing. >> the problem is, the way bush has done it over the last eight years, to take out a credit card from the bang of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents, number 43, he added $4 trillion by his lonesome, and now we have over $9 trillion of debt. and we will have to pay it back $30,000 for every man, woman and child. that sir responsible. it is unpatriotic. >>eric: so it was unpatriotic and now, he wants us to believe it is bad to have a limit on the credit card. >>guest: the $30,000 is now $50,000 for every man, woman, and child. he failed to point that out. that is the absolute height of hypocrisy. would you give someone who has maxed out every credit card they own more unlimited credit? that is what the president is asking for. it is simply ridiculous and nauseating to people who have to be responsible with their finances. it is hypocrisy. >>eric: you, herman cain. >> did you notice my casual
now, listen to president obama when he wasn't president obama and he was trying to become president obama on the debt ceil ing. >> the problem is, the way bush has done it over the last eight years, to take out a credit card from the bang of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents, number 43, he added $4 trillion by his lonesome, and now we have over $9 trillion of debt. and we will have to pay it back $30,000 for every...
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for the democratic governor's association think obama care pants on fire and yosemite sam. here it is. >> not going to be a part of again socializing health care in the state of texas. ♪ >> the ipb, what that is will be a board that will tell you, bob, whether your level of productivity is worthy of receiving the rationed care that will be the result of obama care. ♪ >> anyway, the ad that got the most votes in the fail category was the one called join for fight to repeal obama care from conservative super pac restore america's voice. >>> finally this week in conspiracy world, it's texas congressman louie gohmert, and this sugar plum about how the obama administration is in cahoots with the muslim brotherhood. here he is in a radio interview with neocon frank gaffney. >> i think it almost makes a prima facie case when you look at the decisions made by this administration over the last couple of years or actually all four years, but you look at the decisions its made especially in the last two years in going through the revolutions in northern africa and across the middl
for the democratic governor's association think obama care pants on fire and yosemite sam. here it is. >> not going to be a part of again socializing health care in the state of texas. ♪ >> the ipb, what that is will be a board that will tell you, bob, whether your level of productivity is worthy of receiving the rationed care that will be the result of obama care. ♪ >> anyway, the ad that got the most votes in the fail category was the one called join for fight to repeal...